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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

As reported in the 2015 Annual Report on Form 10-K, the Company's products and operations were managed and reported in five operating segments: Additives & Functional Products ("AFP"), Adhesives & Plasticizers ("A&P"), Advanced Materials ("AM"), Fibers, and Specialty Fluids & Intermediates ("SFI"). Beginning first quarter 2016, as a result of changes in the Company's organizational structure and management, the Company's products and operations are managed and reported in four operating segments: AFP, AM, Chemical Intermediates ("CI"), and Fibers. The new structure supports the Company's strategy to transform towards a specialty portfolio by better aligning similar businesses in a more streamlined structure.

Under the new structure, the adhesives resins product line of the former A&P segment is moved to the AFP segment, the specialty fluids product line of the former SFI segment is moved to the AFP segment, and the plasticizers product line of the former A&P segment is moved to the new CI segment. In addition to the product line changes, there were shifts in products among product lines in different segments. Acetyl and olefin products with animal nutrition and food ingredient applications of the former SFI segment are moved to the AFP segment as part of the care chemicals and animal nutrition product lines. Distribution solvents, ethylene oxide derivatives, and ethyl acetate products are moved from the AFP segment to the new CI segment in the other intermediates product line.

 
Third Quarter
 
First Nine Months
(Dollars in millions)
2016
 
2015
 
2016
 
2015
Sales
 
 
 
 
 
 
 
Additives & Functional Products
$
752

 
$
794

 
$
2,259

 
$
2,428

Advanced Materials
638

 
624

 
1,873

 
1,832

Chemical Intermediates
638

 
697

 
1,891

 
2,224

Fibers
248

 
320

 
762

 
903

Total Sales by Segment
2,276

 
2,435

 
6,785

 
7,387

Other
11

 
12

 
35


36

Total Sales
$
2,287

 
$
2,447

 
$
6,820

 
$
7,423


 
Third Quarter
 
First Nine Months
(Dollars in millions)
2016
 
2015
 
2016
 
2015
Operating Earnings (Loss)
 
 
 
 
 
 
 
Additives & Functional Products
$
160

 
$
176

 
$
481

 
$
511

Advanced Materials
141

 
98

 
381

 
301

Chemical Intermediates
39

 
72

 
121

 
277

Fibers
79

 
102

 
237

 
188

Total Operating Earnings by Segment
419

 
448

 
1,220

 
1,277

Other
 

 
 

 
 
 
 
Growth initiatives and businesses not allocated to segments
(17
)
 
(18
)
 
(59
)
 
(66
)
Pension and other postretirement benefits (loss) income, net not allocated to operating segments
(16
)
 
11

 
9

 
28

Acquisition integration, transaction, and restructuring costs
(30
)
 
(9
)
 
(39
)
 
(27
)
Total Operating Earnings
$
356

 
$
432

 
$
1,131

 
$
1,212



 
September 30,
 
December 31,
(Dollars in millions)
2016
 
2015
Assets by Segment (1)
 
 
 
Additives & Functional Products
$
6,345

 
$
6,370

Advanced Materials
4,295

 
4,227

Chemical Intermediates
3,105

 
2,930

Fibers
775

 
969

Total Assets by Segment
14,520

 
14,496

Corporate Assets
969

 
1,084

Total Assets
$
15,489

 
$
15,580



(1) 
The chief operating decision maker holds segment management accountable for accounts receivable, inventory, fixed assets, goodwill, and intangible assets.